Pros: happening location, very comfortable bed, easy check-in/check-out (lock-box on door), small but functional kitchen, plenty of towels and sheets, laundry lady in the building (~200 baht for a load of laundry), big modern TV with HDMI port, decent WiFi (5-10 MBps down, good enough for streaming Netflix through a VPN)
Cons: happening location, bathroom is in dire need of remodel

Highly recommend this location for a short stay right in the middle of one of Bangkok's craziest party zones. There's a ton of restaurants and bars nearby, and some fantastic street food (two blocks down Soi 4 on the left side for my favorite).

For long-term stays, I recommend a short stay here and then finding an apartment once you're on the ground for some serious savings.